Oil Jolted by Kharg Attack as WTI Surges to $102.4 Per Barrel
WTI crude surged to $102.4 per barrel Monday after US forces struck Kharg Island, Iran's main oil export hub, escalating the Middle East conflict.
Japan Taps 80 Million Barrels of Strategic Oil Reserves to Counter Iran War Shock
Japan begins drawing down 80 million barrels from its strategic petroleum reserves as the Iran war drives Brent crude past $100 per barrel.
TAQA Shareholders Elect New Board and Approve AED 2.20 Fils Dividend
Abu Dhabi National Energy Company TAQA confirmed a new board of directors and approved a final cash dividend of 2.20 fils per share at its AGM.
UAE FinTech Sector Poised to Reach $5.71 Billion by 2029 as Innovation Ecosystem Matures
UAE FinTech projected to reach $5.71B by 2029, driven by advanced digital infrastructure, flexible regulation, and rising global investment flows.
Central Bank Super-Week: Fed, ECB, BoJ and Six Others Set Rates as War Reshapes Outlook
Nine central banks including the Fed, ECB and BoJ announce rate decisions this week amid oil-driven inflation and Iran war uncertainty.
S&P Affirms Qatar AA Credit Rating with Stable Outlook Amid Regional Conflict
S&P Global confirms Qatar's AA sovereign credit rating with stable outlook, citing strong fiscal buffers and 18-month food reserves.
IEA Coordinates Release of Over 400 Million Barrels to Counter Iran War Oil Shock
IEA: Over 400M barrels from strategic reserves to flow to global markets, countering the Strait of Hormuz supply shock from the Iran – GCC war.
UAE Treasury Bond Auction Raises AED 1.1B at 4.4x Oversubscription
UAE T-Bond auction raised AED 1.1B at 4.4x oversubscription, signalling strong investor confidence in sovereign debt.
First Abu Dhabi Bank Posts Record AED 8.84B Dividend for Full Year 2025
FAB announced a record AED 8.84B dividend for FY2025 - 80 fils per share - the highest payout in the bank's history.
Saudi Wholesale Inflation Hits 3.5% in February 2026 - Highest Since March 2024
Saudi WPI rose 3.5% YoY in February 2026 - highest since March 2024, driven by energy and chemical price increases.
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